MagForce AG (MagForce AG) Days Payable : 266.96 (As of Dec. 2021)

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What is MagForce AG Days Payable?

MagForce AG's average Accounts Payable for the six months ended in Dec. 2021 was $0.59 Mil. MagForce AG's Cost of Goods Sold for the six months ended in Dec. 2021 was $0.40 Mil. Hence, MagForce AG's Days Payable for the six months ended in Dec. 2021 was 266.96.

The historical rank and industry rank for MagForce AG's Days Payable or its related term are showing as below:

MGFRF's Days Payable is not ranked ^*
in the Medical Devices & Instruments industry.
Industry Median: 72.855
* Ranked among companies with meaningful Days Payable only.

MagForce AG's Days Payable declined from Dec. 2020 (679.05) to Dec. 2021 (266.96). It may suggest that MagForce AG accelerated paying its suppliers.

MagForce AG Days Payable Historical Data

The historical data trend for MagForce AG's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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MagForce AG Days Payable Chart

MagForce AG Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Days Payable

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128.74

241.45

903.62

265.30

MagForce AG Semi-Annual Data
	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21
Days Payable	Get a 7-Day Free Trial															-	1,177.95	679.05	197.55	266.96

Competitive Comparison of MagForce AG's Days Payable

For the Medical Devices subindustry, MagForce AG's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

MagForce AG's Days Payable Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, MagForce AG's Days Payable distribution charts can be found below:

* The bar in red indicates where MagForce AG's Days Payable falls into.

MagForce AG Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

MagForce AG's Days Payable for the fiscal year that ended in Dec. 2021 is calculated as

	Days Payable (A: Dec. 2021 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2020 )	+	Accounts Payable (A: Dec. 2021 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2021 )	*	Days in Period
=	( (0.367	+	0.732)	/	2 )	/	0.756	*	365
=	0.5495					/	0.756	*	365
=	265.30

MagForce AG's Days Payable for the quarter that ended in Dec. 2021 is calculated as:

	Days Payable (Q: Dec. 2021 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2021 )	+	Accounts Payable (Q: Dec. 2021 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2021 )	*	Days in Period
=	( (0.447	+	0.732)	/	2 )	/	0.403	*	365 / 2
=	0.5895					/	0.403	*	365 / 2
=	266.96

MagForce AG Days Payable Related Terms

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MagForce AG (MagForce AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » MagForce AG (OTCPK:MGFRF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Max-Planck-Stresse 3, Berlin, DEU, 12489

Website

https://magforce.de

MagForce AG is a medical engineering company. The company operates in the area of nanotechnology-based cancer treatment. Its medical devices include NanoTherm therapy used for local treatment of solid tumors, NanoTherm a liquid that reacts to the presence of a magnetic field, NanoPlan uses the bioheat transfer equation, and NanoActivator used for tumors in all areas of the body.

MagForce AG (MagForce AG) Headlines

From GuruFocus

MagForce AG Announces Successful Capital Increase Of The Subsidiary MagForce USA, Inc.

By ACCESSWIRE AccessWire • 04-12-2019